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Pick n Pay is decentralising some of its functions that will help it get closer and become more relevant to their customers in a bid to gain market share in the highly competitive grocery business, which is expected to grow by R200bn in the next five years to R800bn.
First eight begin process of closing, with potentially another seven to follow …
After years of reporting losses in the glare of the public eye, Massmart in a surprise move this week announced plans to go private as a fully owned subsidiary of US retail giant Walmart, a move the company and analysts say offers the best chance of turning around its flagging fortunes.
There’s still a lot to fix and the weak rand forced its hand …
Global retail giant plans to buy all of the shares it doesn’t already own and delist Massmart from the JSE.